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Friday, November 22, 2024

HHS provides $669,298 to businesses in Jonesborough under CARES Act

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Through the fourth quarter of 2020, businesses in Jonesborough received $669,298 in health-related relief from the CARES Act issued by the Department of Health and Human Services.

According to numbers reported through the fourth quarter of 2020, businesses in Tennessee received $2.5 billion in health-related relief from the CARES Act issued by the Department of Health and Human Services. The largest recipient of funding in the state was Chattanooga Hamilton County Hospital Authority with a total of $74.7 million. The average loan size in the city was $41,831 while the state's average loan amount was $328,420.

Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn't returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren't eligible to receive it once the final rules were sent out.

According to the Department of Health and Human Services, this information represents the list of providers that received a payment from the General Distribution, High Impact Targeted Allocation, Safety Net Hospitals, Non-Medicare, Rural Targeted Allocation and/or the Skilled Nursing Facility Targeted Allocation of the Provider Relief Fund and who have attested to receiving one or more payments and agreed to the Terms and Conditions as of July 8, 2020.

All PPP loan recipients
RankBusinessDollar Amount Received
1Four Oaks Operating Group, LLC$511,712
2Acme Pharmacy, Inc.$86,107
3J. Allen Burleson, PC, D.D.S.$23,786
4Jonesborough Eye Clinic, PLLC$14,108
5Behavior Solutions, LLC$7,679
6Jonesborough Medical Center, PLLC$5,657
7Boones Creek Medical, PLLC$4,441
8Max Medical Specialties, Inc.$4,298
9Family Medicine of Jonesborough, LLC$3,114
10Timothy Morganstern$2,209
11Advanced Community Care, PC$2,043
12Dena Brown$1,893
13Good Day Aba, PLLC$1,091
14Mosheim Drug, LLC$497
15Olde Towne Pharmacy, Inc.$391
16Michael Floyd$272

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